coinmaster100spinsgratis2020| Fubo Group is now up more than 6% Haitong Securities maintains its "outperforming market" rating

Fubo Group (03738) rose 6coinmaster100spinsgratis2020.35%coinmaster100spinsgratis2020, currently quoted at HK$1.34, with a turnover of HK$7.9958 million.

In terms of performance, the company's main business will grow strongly in 2023, driving a significant improvement in profit quality, and the growth logic will continue to be fulfilled. In terms of business, the company's subscription services have achieved impressive growth.

Previously, Haitong Securities released a research report saying that it maintains the "outperform" rating of Fubo Group (03738) and expects revenue from 2024 to 2026 to be HK$25.01, HK$33.06 and HK$4.536 billion respectively, with a reasonable value range of HK$2.23 -2.79 per share. The company achieved revenue of HK$2.001 billion in 2023, a year-on-year increase of 38.7%. Among them, domestic business revenue increased by 43.68% year-on-year to HK$1.002 billion. Foreign business was mainly in the United States, with revenue increased by 32.8% year-on-year to HK$983 million, accounting for 49.11% of total revenue. The gross profit level further improved, with gross profit margin increasing by 1.5pct year-on-year to 42.49%, and EBITDA increasing by 6.59% year-on-year to 319 million.